Quarterly report pursuant to Section 13 or 15(d)

CONTINGENT CONSIDERATION LIABILITY (Tables)

v3.8.0.1
CONTINGENT CONSIDERATION LIABILITY (Tables)
 9 Months Ended
Sep. 30, 2017
Contingent Consideration Liability Tables  
The summary of contingent consideration

On April 1, 2017, the anniversary date of the acquisition and the settlement date of the contingent consideration, the final contingent consideration was approximately $16.5 million. A summary of the changes in the contingent consideration as well as the detail is below:

 

    Amount  
Contingent Consideration Summary:      
       
Balance at December 31, 2016   $ 12,085,859  
Change in Fair Market Valuation of Contingent Consideration     4,348,761  
         
Balance at March 31, 2017 and April 1, 2017   $ 16,434,620  
         
Contingent Consideration Detail:        
         
Performance-Based Cash Contingent Consideration   $ 2,088,000  
Market-Based Stock Contingent Consideration     14,346,620  
         
Balance at March 31, 2017 and April 1, 2017   $ 16,434,620  

The summary of additional market-based contingent consideration clawbacks

Contingent Consideration Balance at March 31, 2017   $ 16,434,620  
         
Change in Fair Market Valuation of Contingent Consideration     77,286  
Payment of Contingent Consideration in Cash     (2,088,000 )
Settlement of Contingent Consideration in Stock     (4,739,638 )
Settlement of Contingent Consideration Recorded Against Additional Paid-In Capital     (4,692,697 )
Gain on Settlement of Contingent Consideration     (4,991,571 )
         
Contingent Consideration Balance at June 30, 2017 and September 30, 2017   $ -